Green Car Congress
MAY 22, 2019
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “
Teslarati
FEBRUARY 25, 2022
Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. The factory in Shanghai manufactured 51.7
Green Car Congress
AUGUST 7, 2020
Meanwhile, the global demand recovery is showing clear signs of plateauing and Chinese crude buying has begun to soften. Barring a large second wave of COVID-19 cases driving widespread economic shutdowns, IHS Markit expects Brent will stay within a $40-$47/bbl price band on average over the next four quarters.
Green Car Congress
JUNE 18, 2022
This situation might prove short-lived, however, as tougher sanctions on Russia come into full force, oil demand in China recovers from COVID-lockdowns, if sharper Libyan losses persist and the OPEC+ spare production capacity cushion erodes. In 2023, a resurgent China will boost non-OECD demand growth, offsetting a slowdown in the OECD.
Green Car Congress
JANUARY 6, 2022
Among buyers, mainland China was by far the largest specified end-market, with Chinese buyers signing around 25 MMtpa of firm long-term deals. Spot LNG prices have soared past previous records.
Green Car Congress
OCTOBER 6, 2015
The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.
Green Car Congress
JULY 28, 2015
On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. Moreover, Indian refiners are now moving away from Saudi Arabia which was previously India’s largest crude oil supplier. However, one cannot easily neglect the Indian and Chinese refiners.
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